The purchase of a travel insurance plan is among the most beneficial things you could take to minimize the health, safety and financial risk associated with traveling. But figuring out the difference between trip insurance vs travel medical insurance can be confusing.
Today we’re going to explain the difference between the two types of travel insurance you may be looking at: trip insurance and travel medical insurance. Do they cover the same thing? Are you thinking which travel insurance is better? Let’s dive closer:
Travel Health Insurance vs Trip Insurance-What's an important distinction?
While many insurance companies employ both terms, the majority times they're refer to two different types of insurance with their own distinct advantages. What you should be aware of regarding each type of travel insurance policy that covers and what you should look for in the policy.
What is Travel Insurance?
Travel insurance is short-term insurance that may cover the costs associated with your trip. Plans often cover trip cancellation and interruption, lost baggage, missed connections and other losses you may experience while traveling. Most trustworthy insurance companies have their own original travel insurance plan. They can go by different names.
Some call trip insurance, trip protection insurance, or trip cancellation insurance because trip cancellation is a benefit included in these policies.
When does travel insurance cover during trip?
In the event that your travel plans are canceled or delayed because of a reason covered the policy of your trip insurance will reimburse you for the portion of your trip which were paid for, non-refundable, and protected. The covered reasons will differ by policy However, common examples are if your flight is cancelled or delayed because of weather conditions or if you, your traveling companion, or your immediate family member gets injured or ill or dies.
Insurance for travel may also cover costs related to unexpected medical expenses, delays in travel and mishaps, as well lost or stolen luggage, based on the policy you have.
Travel insurance provides you with one less thing to think about before your vacation. You can travel with peace of mind knowing that you’ve done everything you can to protect your investment. In fact, according to The CDC, "when sick travelers know that their financial investment in the trip is protected, they may be more likely to avoid travel."
Many travel insurance policies offer round-the-clock, multilingual travel assistance services as well, so you know you’ll have support when navigating those stressful travel situations.
What to check before choosing Trip insurance plan?
Travel insurance is designed to reimburse your prepaid, non-refundable trip expenses if you cancel or interrupt your trip before it begins. But your travel insurance policy should cover a lot more than that. When shopping for trip insurance look for these important features in a standard travel insurance policy:
• Trip Cancellation Coverage
• Trip Interruption Coverage
• Travel Delay Coverage
• Lost, stolen, damaged or delayed luggage coverage
• Missed connection coverage
• Emergency accident and sickness medical expense coverage
• 24/7 emergency travel assistance services
What is Travel Medical Insurance?
The term "travel medical insurance," also called medical insurance on the go, are a temporary insurance policy that pays for medical expenses while you are away from your home country. The types of expenses which are covered are the ones incurred by hospital rooms and board ambulance transport and emergency room visits, surgeries and much other.
Medical evacuation, political evacuation the coverage for terrorism emergency response to natural disasters accident dismemberment and death, and repatriation of the remains are some of the protections that are included in medical travel insurance, based on the policy you have.
What Are The Benefits Travel Medical Insurance Provides?
When traveling abroad, many standard medical travel insurance comparison policies lose their benefits. A medical insurance policy for travel can help fill in the need by covering eligible medical expenses that are incurred when traveling beyond the country you reside in.
Medical evacuation costs such as medical evacuations, for example, could range from $25,000 to as high as $250,000 (as reported in the CDC). But if you had a travel medical insurance policy with an Emergency Medical Evacuation benefit attached to your plan, you could be reimbursed for up to the benefit maximum for that cost.
The best Travel Insurance for Pre-Existing Conditions plans can protect you from unnecessary financial risk by covering you for unexpected medical expenses while traveling. Additionally, these plans often include emergency travel benefits like travel assistance services to help you with: provider referrals, replacement of travel documents, lost luggage, and much more.
